Abstract

This paper sheds light on the main issue of this book by affording a side look at a discipline other than economics, namely political theory. It is argued that the contemporary debate in political theory hinges on the question of 'realism'. Through a discussion of Raymond Geuss's work, the paper seeks to show that political theory remains caught between the conflicting requirements of deep contextual analysis and radically critical engagement with the world 'as it is'. Finally, the idea of a 'division of labour' between contextualist and critical approaches to political theory is introduced.